You have the choice of options for the transfers. The available options are:

By period

daily at a specified time

weekly

monthly

By amount

fixed amount

amount depending on the account balance.

Nordea can also facilitate your payments administration by making regular payments to third parties (eg monthly lease rents).

For further information on cash management products and services, please contact your personal banking adviser or sending a request to ICMS@nordea.ru.

Zero Balancing

The Zero Balancing service contributes to the higher income and effective use of a group’s working capital.

This service envisions that at the end of a day, all funds available on different accounts of a group are consolidated on one (Top) account. Besides, within a day the group members retain the possibility to effect payments if the parent company has established a relevant intraday limit. The Bank automatically controls the payments limits availability and possibility of processing payments.

The cash flow consolidation is of a great economic effect due to reduced external financing and better investment opportunities.

The service enables to:

reduce the need for borrowed funds

generate a higher interest income from the consolidated balance

effect an additional control over the funds transfers

automate the funds transfers.

The service is user friendly both for companies with an extensive branch network and for those with subsidiaries.

For further information on cash management products and services, please contact your personal banking adviser or sending a request to ICMS@nordea.ru.